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Full-Text Articles in Law
Gatekeeper Failures: Why Important, What To Do, Merritt B. Fox
Gatekeeper Failures: Why Important, What To Do, Merritt B. Fox
Michigan Law Review
The United States was hit by a wave of corporate scandals that crested between late 2001 and the end of 2002. Some were traditional scandals involving insiders looting company assets - the most prominent being Tyco, HealthSouth, and Adelphia. But most were what might be called "financial scandals": attempts by an issuer to maximize the market price of its securities by creating misimpressions as to what its future cash flows were likely to be. Enron and WorldCom were the most spectacular examples of these financial scandals. In scores of additional cases, the companies involved and their executives were sued by …
On Beyond Calpers: Survey Evidence On The Developing Role Of Public Pension Funds In Corporate Governance, Stephen J. Choi, Jill E. Fisch
On Beyond Calpers: Survey Evidence On The Developing Role Of Public Pension Funds In Corporate Governance, Stephen J. Choi, Jill E. Fisch
Vanderbilt Law Review
In recent years, the California Public Employees Pension System ("CalPERS") has received extensive attention for its active participation in corporate governance. CalPERS's activities established it as a leader among activist institutions. CalPERS's Murray and Kathleen Bring Professor of Law, New York University School of Law. T.J. Maloney Professor of Business Law, Fordham Law School. Thanks to Jeff Gordon, Keith Johnson, Un Kyung Park, Wayne Schneider, Damon Silvers, Randall Thomas, and John Wilcox for their valuable help in project design and for their useful comments.
Strategy was based on identifying underperforming companies with poor governance practices and then working to change …
The Evolving Role Of Institutional Investors In Corporate Governance And Corporate Litigation, Randall S. Thomas
The Evolving Role Of Institutional Investors In Corporate Governance And Corporate Litigation, Randall S. Thomas
Vanderbilt Law Review
This Symposium volume of the Vanderbilt Law Review, sponsored by the Institute for Law and Economic Policy ("ILEP"), focuses on the critical role of institutional investors in the modern American corporation. The agency cost model of the corporation tells us that in a dispersed ownership system, such as the U.S. system, large, motivated shareholders can play an important role in reducing the agency costs of equity by closely monitoring the actions of corporate management.1 Activist investors can use their voting powers, their power to file suit, and their power to sell their interests in the firm, to align the interests …
Five Decades Of Corporation Law: From Conglomeration To Equity Compensation, Richard A. Booth
Five Decades Of Corporation Law: From Conglomeration To Equity Compensation, Richard A. Booth
Villanova Law Review
No abstract provided.
The Difficulty Of A Plaintiff's Playground Being Truly "Open For Buisiness": An Overview Of West Virginia's Corporate Law Governing Derivative Lawsuits, Heather Flangan
The Difficulty Of A Plaintiff's Playground Being Truly "Open For Buisiness": An Overview Of West Virginia's Corporate Law Governing Derivative Lawsuits, Heather Flangan
West Virginia Law Review
No abstract provided.
A Forensic Study Of Daewoo's Corporate Governance: Does Responsibility For The Meltdown Solely Lie With The Chaebol And Korea?, Joongi Kim
Northwestern Journal of International Law & Business
At the end of 1999, one of the largest conglomerates in the world, the Daewoo Group, collapsed in a spectacular fashion. During its peak, Daewoo was a sprawling enterprise with over 320,000 employees with 590 subsidiaries overseas that operated in over 110 countries. Its management received widespread praise and academic recognition for its success. Yet, when the Asian financial crisis hit in 1997, it managed to commit a deception worth 22.9 trillion won ($15.3 billion) that was termed the "biggest accounting fraud in history, surpassing WorldCom and Enron . . . ." Years later, inner-workings of the conglomerate are finally …